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Symphony Risk in California Launches Captive Program for Cannabis Industry

Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The “Symphony Grow Captive” risk financing tool provides a breadth of benefits not commonly afforded to cannabis businesses due to the …

New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim

New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals upheld …

New York City Sues Social Media Platforms Over Teen Mental-Health Concern

New York City joined a growing chorus of states, cities and school districts suing social media companies over claims that their platforms are fueling a mental-health crisis among teens, alleging that Meta Platforms and others exploit children and adolescents. The …

WTW Upgrades Hawaiian Coral Reef Parametric Insurance Policy

WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around the main Hawaiian Islands and increases payouts after qualifying storms. This replaces the first U.S. coral reef insurance policy purchased …

Southern California Tops List of Wheel and Tire Claims for Second Straight Quarter

Los Angeles and Orange County are number one of the top 20 list for a second consecutive quarter for 2023 and stay at the top in theft claims handled by population. Wheelnet, a provider for wheel and tire replacement for …

Illinois Construction Contractor Fined $264K for Safety Violations

An Illinois construction contractor – with a history of ignoring federal safety regulations – has again been found exposing workers to deadly fall hazards on a jobsite in Naperville. Inspectors with the U.S. Department of Labor’s Occupational Safety and Health …

Police Investigate How Texas Church Shooter Obtained Rifle Despite Mental Illness

HOUSTON (AP) — The shooter who opened fire at a Houston megachurch before being gunned down by security officers used an AR-style rifle that police say she legally purchased despite a years-long criminal record, a history of mental illness and …

Vehicle Crashes Into Austin, Texas Emergency Room, Killing 1

AUSTIN, Texas (AP) — A car crashed into a Texas hospital’s emergency room Tuesday, killing the driver and injuring five other people, including a child with life-threatening injuries, authorities said. The car smashed into the lobby of the ER at …

Allstate Reports $276M in January Cat Losses, Updates Rate Increases

Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Illinois-based insurer reached its $150 million threshold to report catastrophe losses following several months of low totals. Consolidated catastrophe losses for the fourth quarter 2023 totaled …

Texas Housekeeping Provider to Pay $520K Over Disability Discrimination Suit

Hospital Housekeeping Systems, LLC (HHS), a provider of housekeeping, food and facilities support to numerous industries, based in Dripping Springs, Texas, will pay $520,000 as part of the settlement of a disability discrimination lawsuit brought by the U.S. Equal Employment …

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